Time series of financial asset values exhibit well known statistical features such as heavy tails and volatility clustering. Strongly present in some series, nonstationarity is a feature that has been somewhat overlooked. This may however be a highly relevant feature when estimating extreme...

In this article, a three-regime multivariate threshold vector error correction model with a ‘band of inaction' is formulated to examine uncovered interest rate parity (UIRP) and expectation hypothesis of the term structure (EHTS) of interest rates for Switzerland. Combining both UIRP and EHTS...

This paper combines various data sources on value added and GDP for Switzerland in order to construct long-¬â€term series from 1851 to 2008. I provide an extensive discussion of deflation methods and show that the recent update of the Swiss GDP per capita series in the Maddison database...

This paper investigates the relation between agglomeration and economic growth in Switzerland from 1860 to 2008. I use a new detailed data set on regional employment, value added and labor productivity for two geographical levels with 97 and 16 regions respectively. I provide a description of...